Ford Cortina-not wrong
Nah, not you're not wrong, but you're certainly not right either.
BA have an exemplary record of employment. We're not talking T&C's here and the fact that all employees of a large company occasionally have a grievance with their employer but the fact that BA have never made pilots redundant through very lean previous times. When there were no pilot vacancies in the past BA still employed those graduates in some position or other (usually c/c, sometimes overseas station staff or some such) until vacancies occurred. If you were to guarantee a job two or three years down the road in any economic climate and then not actually offer it on the day the lawyers would be rubbing their hands and queuing up even now. Put simply, BA just can't do that from may perspectives, business, legal and moral.
This has already been spelled out on this thread more than once but-judging by your moniker-you live in the distant past. This isn't P2F with a company that has been around a mere 30 years or so. This scheme is about as gold plated as you can get, and no more and almost no less than the previous schemes dating back to when you were firing on all four and not belching black smoke obscuring everyone's vision.
Allow others to read the complete thread and stop looking for potholes where the road has been newly surfaced.